Broker Update, February 23, 2024
BCREA is joining PacificWest 2024 to bring you the Managing Brokers' Stream!
The BC Real Estate Association (BCREA) is bringing their annual Managing Brokers’ Conference to PacificWest 2024 as the new Managing Brokers' Stream!
This new stream will feature workshops, speakers, and seminars focused on issues facing managing brokers.
All of this is included with a general admission ticket to PacificWest 2024, giving you access to two conferences for the price of one!
While the stream is designed with managing brokers in mind, all PacificWest attendees will be eligible to attend.
Get your brand in front of 1,500+ highly engaged REALTORS® at PacificWest
If you want to elevate your brand, becoming a PacificWest 2024 sponsor is an incredible opportunity.
Learn more about the benefits and types of sponsorships you can secure here. There are a limited number of sponsorships available, so we're offering our members first access.
Interested in being a PacificWest speaker?
We’re looking for speakers that can present on new trends, AI, environmental issues, legal issues, regulatory changes, mental health, indigenous development, and more.
Our team will review all submissions using the following criteria:
- Clear session topic and defined knowledge and skills that attendees will take away from the session
- Speaker’s level of knowledge and expertise on the session topic
Submit your proposal to speak/present at PacificWest 2024 here.
BC government announces PTT changes, flipping tax in new budget
The provincial government announced new housing related measures, including the BC Home Flipping Tax and new property transfer tax exemptions, in the Budget 2024 yesterday, February 22.
Greater Vancouver REALTORS® (GVR) is currently reviewing BC Budget 2024, including the language around the flipping tax and Property Transfer Tax (PTT) exemptions.
In the meantime, here’s a brief overview of these two changes.
Members offering only mere posting services aren’t subject to FINTRAC regime
Recently, a broker contacted us asking if members offering mere posting services were subject to FINTRAC requirements.
A mere posting is a listing on the MLS® system where a member has chosen or agreed not to provide services to a seller other than submitting the listing for posting on the MLS® system.
FINTRAC has communicated to CREA that brokers solely offering mere posting services are not covered by the FINTRAC Regime.
We asked Simon Parham, CREA general counsel and board secretary, for clarification. Read his response here.
CREA announces fall SGM to vote on the future of REALTOR.ca
The Canadian Real Estate Association (CREA) announced a Special General Meeting (SGM) in the fall to vote on a draft business case outlining the future of REALTOR.ca.
CREA’s board of directors recently decided to move the vote, originally slated for CREA’s Annual General Meeting in April, to allow more time for consultation and engagement with members across Canada.
CREA has outlined the steps it will take leading up to the fall SGM, placing them into three phases:
- Consultation (March – June 2024): Kicking off at the 2024 Joint Association Executives (AE) Institute, CREA will engage in a two-way conversation on the draft business case, starting with governance.
- Consideration (July – August 2024): Using the feedback collected during the consultation phase, the draft business case will be reviewed and finalized.
- Advocacy (Fall 2024): CREA will communicate with boards/associations and members in the lead up to a 2024 CREA SGM.
Update SentriKey now for MFA coming next week
Do members in your office use SentriKey and SentriLock lockboxes? Remind them to update their apps for when multi-factor authentication (MFA) is activated for SentriKey next week on Tuesday, February 27.
Learn more about the work SentriLock is doing to make lockboxes services more secure.
Medallion Club 2023 year-end report and Awards Gala tickets now available
The year-end Medallion Club 2023 report is now available at member.gvrealtors.ca. You and the members in your office can check your final Medallion Club status for 2023 here.
Tickets are now on sale for our 2023 Medallion Club Awards Gala, themed Under the Stars. Tickets are available until March 15 or they've sold out, whichever comes first.
Purchase your tickets and learn about our special hotel rates here.
Ticket order guidelines
- Qualifiers and Life Members may purchase up to 4 tickets total
- All non-qualifying GVR members/brokers can purchase up to 2 tickets total
- Purchase is online with your credit card. No monthly account billing is available
- Members must register themselves; ordering for others is not permitted
- Group seating requests should be sent by one person in your group to medallionclub@gvrealtors.ca
- Applicable discounts will be automatically applied at time of purchase
Review the latest disciplinary decisions in your office
Stay on top of the work your Board does to uphold and enforce professional standards within the profession and resolve disputes between members.
Our Arbitration Committee seeks to resolve disputes between members. Review their latest ruling (Arbitration Case #195).